Described in section 170(b)1)(a)(vi) of the Code, Cultural performances

Subsection

Educational Organization

Ruling Date

09/1996

Deductibility

Contributions are deductible

Foundation

Organization which receives a substantial part of its support from a governmental unit or the general public

Organization

Corporation

Exempt Organization Status

Unconditional Exemption

Tax Period

06/2014

Assets

$25,000 to $99,999

Income

$100,000 to $499,999

Filing Requirement

990 (all other) or 990EZ return

Asset Amount

$41,247

Amount of Income

$108,777

Form 990 Revenue Amount

$108,777

National Taxonomy of Exempt Entities (NTEE)

Arts, Culture and Humanities: Performing Arts Organizations

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Amount of income in 2014: $108,777 (it was $107,367 in 2013)

This organization:

$108,777

Other organizations performing similar types of work:

$62,906

Assets in 2014: $41,247 (it was $18,699 in 2013)

Soli Chamber Ensemble:

$41,247

Other organizations performing similar types of work:

$17,297

Expenses in 2014: $86,307

Soli Chamber Ensemble:

$86,307

Other organizations performing similar types of work:

$56,825

Income to expenses ratio in 2014: 1.3

This organization:

1.3

Other organizations performing similar types of work:

1.0

Grants share in income in 2014: 82.0%

This organization:

82.0%

Other organizations performing similar types of work:

90.7%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances

2012

2013

2014

Total revenue

$135,992

$107,367

$108,777

Contributions, gifts, grants, and similar amounts received

$114,557

$80,420

$89,155

Program service revenue including government fees and contracts

$0

$0

$0

Membership dues and assessments

$0

$0

$0

Investment income

$0

$0

$0

Gain/Loss from sale of assets other than inventory

$0

$0

$0

Net income/loss from gaming and fundraising events

$0

$0

$0

Gross profit/loss from sales of inventory

$0

$0

$0

Other revenue

$21,435

$26,947

$19,622

Total expenses

$137,074

$106,488

$86,307

Total net assets

$0

$18,699

$41,247

Excess/Deficit for the year

$-1,082

$879

$22,470

Net assets or fund balances at beginning of year

$-1,818

$17,600

$15,578

Other changes in net assets or fund balances

$2,900

$220

$3,199

Net assets or fund balances at end of year

$1,818

$18,698

$44,367

Balance Sheets

2012

2013

2014

Total assets

$0

$18,699

$41,247

Total liabilities

$0

$0

$0

Net assets or fund balances

$0

$18,699

$41,247

Other Information

2012

2013

2014

Did the organization engage in any significant activity not previously reported to the IRS?

No

No

No

Were any significant changes made to the organizing or governing documents?

No

No

No

Did the organization have unrelated business gross income of $1,000 or more during the year from business activities

No

No

No

Has the organization filed a Form 990-T for the year?

No

No

No

Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?

No

No

No

Amount of political expenditures, direct or indirect

$0

$0

$0

Did the organization file Form 1120-POL for this year?

No

No

No

Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?

No

No

No

Total amount involved

$0

$0

$0

Initiation fees and capital contributions

$0

$0

$0

Gross receipts for public use of club facilities

$0

$0

$0

Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?

No

No

No

At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?

No

No

No

Reason for Public Charity Status (for 2014)

The organization is not a private foundation because it is:

An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975

Number of organizations supported

0

Sum of amounts of support

$0

Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)

2010 - 2014 Total

Public support

$401,367

Subtotal

$478,940

Gifts, grants, contributions, and membership fees received

$373,591

Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose

$105,349

Gross receipts from activities that are not an unrelated trade or business under section 513

$0

Tax revenues levied for the organization's benefit and either paid to or expended on its behalf

$0

The value of services or facilities furnished by a governmental unit to the organization without charge

$0

Less

$77,573

Amounts received from disqualified persons

$77,573

Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support

$0

Total support

$478,940

Public support

$478,940

Subtotal

$0

Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources

$0

Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975

$0

Net income from unrelated business activities, whether or not the business is regularly carried on

$0

Other income

$0

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